Rock Springs Capital Management LP Increases Holdings in Oscar Health, Inc. (NYSE:OSCR)

Rock Springs Capital Management LP lifted its stake in shares of Oscar Health, Inc. (NYSE:OSCR - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,050,000 shares of the company's stock after buying an additional 38,600 shares during the period. Rock Springs Capital Management LP owned about 0.42% of Oscar Health worth $14,112,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Stifel Financial Corp grew its position in Oscar Health by 1.8% in the 4th quarter. Stifel Financial Corp now owns 154,365 shares of the company's stock worth $2,075,000 after purchasing an additional 2,776 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new position in shares of Oscar Health in the 4th quarter worth approximately $2,039,000. Tower Research Capital LLC TRC grew its holdings in shares of Oscar Health by 171.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,627 shares of the company's stock valued at $89,000 after acquiring an additional 4,185 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of Oscar Health by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 119,033 shares of the company's stock valued at $1,600,000 after acquiring an additional 6,553 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Oscar Health by 10.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,448,703 shares of the company's stock worth $46,353,000 after acquiring an additional 313,227 shares during the period. Hedge funds and other institutional investors own 75.70% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company lowered Oscar Health from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $20.00 to $16.00 in a research report on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Oscar Health currently has a consensus rating of "Hold" and an average price target of $20.21.

Oscar Health Stock Performance

Shares of NYSE OSCR traded up $0.22 during trading on Friday, reaching $12.25. 3,593,852 shares of the stock traded hands, compared to its average volume of 3,888,874. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $3.07 billion, a P/E ratio of -612.19 and a beta of 1.75. Oscar Health, Inc. has a 52-week low of $11.20 and a 52-week high of $23.79. The company has a 50-day moving average of $13.63 and a 200-day moving average of $14.88.

Oscar Health (NYSE:OSCR - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.07). Oscar Health had a net margin of 0.28% and a return on equity of 2.28%. Analysts forecast that Oscar Health, Inc. will post 0.69 EPS for the current fiscal year.

Oscar Health Profile

Oscar Health, Inc operates as a health insurance in the United States. The company offers health plans in individual and small group markets, as well as +Oscar, a technology driven platform that help providers and payors directly enable their shift to value-based care. It also provides reinsurance products.